nope, you aren't draining the tank that's the problem, is your light coming on or something?
if the light is coming on then it the sensor in the tank needs adjusting..
does your bike have 2 warnings, one tells you it's getting low and the other is reserve like half gallon remaining..
78 divided by 2.7 = 28.8mpg better
did you happen to trip the meter to zero upon fill up?
if so ride it till the light comes on whatever then fill it, note how much it took, then zero again or use trip #2 and zero that
it could be the sensor is flopping loose or something and that you only used 1.75 gallons when you noted the 78 miles, 29 miles is better, but unless you have larger rear sprocket or smaller front, a very rich issue ora fuel leak its still about 8-10 mpg off..
how are you riding is it wall to wall railing or conservative or normal? balls to the walls it can be like 28, specially if you ride it high in the RPM's wall to wall, like on the track you might get 18mpg or so cuz your on it all the time not even lifting to shift gears..
if you;re riding like this which is common then 28 is about right,
why you hear a lot of people say "I am getting 27mog on my new 1000r" they are not taking into consideration the riding style, on the freeway, 6th gear doing the speed limit they get close to 35 or so, mid sized get like 38, the Busa however is a very tall geared bike very low compression, has so much torque you can coast in 6th doing the speed limit and get 45mpg.. the middle wights and liter bikes are geared as tall so they wont see that unless you add some teeth to the front or remove from the rear, and that only works on 750+ as the smaller CC's dont have the grunt and it actually works backwards, you have to shift down to 5th a lot and there goes the economy, they have the 600's geared about mx for their torque, of course the 1000 has plenty of extra and the 750 has like 1 tooth maybe 3-4 mpg on top, if you are touring or commuting it all adds up tho, reel in that riding style, shift early and often then putt, never go over like 4-5k on the 1k and over 6-7 on the middle weights, all stock you should see decent economy, specially if you burn the right fuel and stop eating all those dang bacon cheeseburgers and firehouse pizzas...

.. ak me how I know that!
if you set your trip meter wait till your light comes on, ride normal till then, (5-10 over cagers pace) then fill and note capacity, zero out again...
do the math and if it's strange get back to us, you might have something off with the fuel level sensor, not sure how that one works if it has a float it may be bent or fubar somehow, most likely an easy fix, get 2 large alligator clips, and 2 pins, solder a clip to one end, pin to the other, heat shrink, 4-5 feet 14 gauge wire works, then disconnect your battery ground, unplug pump connector.. then clip + and - terminal then use the pins to poke into the fuel pump connector corresponding pins to activate pump, disconnect FI fuel line from tank, find a longe hose to plug into tank nipple, pump out into can as empty as you can get it..
remove 2 front bolts and the 4 rear on the chassis, unplug vent hoses so forth, remove tank, have a nice place to set it with cardboard and shop rags laid out so its soft and cushy, set down on cap side, (upside down) remove fuel pump carefully, maybe watcha video or see service manual, if it has float they need to be threaded out not just yanked, could have been a bad install previously or just defective or failing? do this if you do the math and its still low and you rode normally..
me thinks mid to upper 30's is about right with proper riding, octane, and decent tune up, check air filter make sure its clean and maybe plugs to key on how its mixing... blackish is too rich, whitish is too lean, tanish is about right..
post pics if its off, or just live with it, if you know you get 34 mpg and burn 2.4 gallons when the light comes on you know you have about 2 gallons left and a range of about 65 miles, use trip meter on each fill and keep it on top the clock, eyeball it occasionally, basically the same thing you do on bikes with no fuel gauge, a lot of bikes do not have one... how its done, specially when there is no reserve..
it runs fine right?